In recent years, there has been a noticeable increase in the number of corporate registrations in the UAE. This is because of the many benefits of starting businesses in the UAE. The United Arab Emirates is one of the most developed countries in the region and its rapid growth has created a favorable climate for investment in the UAE, migration and living in the country. This line offers a three-month extended stay for investors and allows family and children to be a great option.
The conditions for company registration in UAE have been simplified in recent years, and applicants may be able to register their company and work in the UAE after a few steps.
Types of company registration permits in UAE
In general, the company’s registration permissions in Dubai and other regions of the Emirates are divided into three types:
- (Professional License)
- (Commercial License)
- (Industrial License)
- (Professional License)
Professional license for service and business It requires mental abilities, academic education, or rigorous scientific methods such as law firms, accounting firms, or consulting firms. You can see a list of areas in need of professional registration certificate of Emirates Corporation below: UAE Company Registration Professional License Areas Architecture Consulting and Accounting Design and Financial Consulting Legal Advice and Legal Consulting Services Educational Activities Handicrafts Services Medical Services Information Technology Services Management Print Services and Beauty Salons Online Business Consulting.
The most important requirements for a company register in the UAE are:
- 1 sponsor in UAE
- Minimum number of investors 1 person
- Related degree
Who is the sponsor?
The sponsor is a native person and representative of your company at a time when you are not in the UAE. You have to pay the sponsor’s account every year to support your business.
Although the sponsor is available, 100% of the company’s registration to the applicant. The sponsor’s name is only mentioned in the contract, and access to company accounts is not available for the person. Here are some common questions:
What is the condition of the age of participation in this method?
People between the ages of 18-60 may apply for residency in the UAE by registration.
What is the type of visa and accommodation that are given with professional license?
In this method, the Investor Visa investment visa is granted to the applicant. The residence of the applicant is three years, and can be renewed indefinitely.
One important thing about registering virtual companies in the UAE:
Despite the registration of the Virtual virtual company in the UAE, you must have an address and a real location for the company. Office rent or office purchase can be done by you or the companies that provide these services.
Commercial License (Commercial License)
By obtaining a trade license, you can trade goods and sales of some goods and services in the United Arab Emirates.
Registration in the UAE allows you to import and sell a wide range of goods or export to the UAE. “Trade in clothes, equipment, cars … are other things.
This allows you to purchase services such as real estate in the United Arab Emirates.
The ownership type of the company in this method is 51% to 49%. In this way, your sponsor owns 51 percent of the UAE and you own 49 percent of the company.
Industrial license
Industrial license is for businesses that work in the field of procurement, production and processing of goods. industrial materials, oil and gas, food, pharmaceutical etc. are among these cases.
One of the registration requirements for companies in Dubai and other regions of the United Arab Emirates is that ownership by this method can be 49%-51%. that is, the sponsor or agent of your company in the United Arab Emirates owns 51 percent and you own 49 percent of it.
Considering the type of manufacturing and industrial activity, it is not possible to register the virtual company in the UAE using this license. This means that you must have an office or a production company in the UAE.
company registration in UAE fee
The cost of registration in Dubai and other regions in the UAE varies according to different criteria and factors. Among these criteria are the type of company, type of licensing issued, area for business start-up, number of partner people, company name selection, etc.
In general, the average price of a company registration in the UAE in 2021 is as follows:
- Company registration in Amaratat minimum and maximum cost 8-20 USD
- 30-73 AED
- The costs of the sponsor, the registration of the company, the license of the company, and the right to trade are also considered at high prices.
- You must first obtain a tourist visa to start your company in the UAE. Once you have completed the legal process, your visa will be changed to Investor Investment Visa or Partner Partition Visa.
- Usually, this process takes place in 1 month and you can register your company in the United Arab Emirates.
One of the most common questions in the costs section is whether to obtain a residence permit in the UAE through the registration of the company, we need to obtain a financial guarantee.
There are no instructions for this item. However, in light of the UAE’s restrictions on seeking visas and permits, it is better for applicants to set up a foreign company in the UAE to have a financial instrument. The amount of this is based on the bank in which you open the account and the conditions and rules of that bank. Usually between 50,000 and 100,000 financial transactions will trigger your work. After the account is opened, you should have at least 10 thousand dirhams left to your account.
Does it cost a UAE to name a company?
The cost of choosing a company name is applied to the total costs of registering the company, but if you want to choose a non-Arabic name for your company, you will have to pay an additional 2,000 dirhams.
The following is a review of the advantages and disadvantages of registration in the UAE and then the steps and process of registration of the company:
UAE company registration advantages and disadvantages
The United Arab Emirates is the best country to register for the company. Rapid economic growth and numerous opportunities for investment and business activities, provides a favorable environment for various businesses.
The advantages of registering companies in Dubai and other regions of the UAE are great! Consider the most important:
- No language document needed
- No need for a degree (except for some jobs and areas of professional licensing)
- No need to have a company before
- No need for insurance staff
Ability to perform up to 10 business activities with 1 license or company registration authorization (provided they are in a group)
- No specific age limit: People between 18-60 years of age can take action.
- UAE residence permit for wife and children
- UAE gets education, health insurance rights
- UAE 3-year residency with unlimited
The possibility of exporting job offer and attracting labor from outside the UAE after starting
Very short process from step to step start
By looking at business start conditions in the Arab countries and the Gulf states, we can conclude that the UAE has the best conditions for registering and starting a business.
In fact, comparing the UAE to other countries in the region and the benefits thereof, the UAE’s lack of a proper registries is not noticeable
Company registration documents in Dubai and UAE
In the first phase, the applicant travels with personal documents such as passport, personnel photo and … and obtaining a tourist visa in the UAE.
After the required documents, the applicant must apply for a Investor or Partner visa. The documents required for this task are as follows:
- License Company
- Passport
- tourist visa
- Company license
- Lease (if physical company is registered)
- Company Charter
- White background picture
- Sponsor ID Principle (if available)
- national ID
Registration tax conditions in Dubai and other regions
The Value Added Tax (VAT) is a tax imposed on the consumption or use of goods and services at any stage of sales.
In the UAE, bank accounts and cash transactions are not subject to any taxes. Company registration taxes are also %5% of total cost. At the time of the extension, this amount is recalculated each year.
The best institute for company registration in Dubai
Quick company registration in UAE and Dubai with Unican Immigration.
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